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On June 1st Team Snap paid $54,000 to NYC Realty for 12 months of rent beginning June 1st. The company correctly records the transaction on

On June 1st Team Snap paid $54,000 to NYC Realty for 12 months of rent beginning June 1st. The company correctly records the transaction on June 1. What accounts will be affected as a result of this payment?

A. Cash and Retained Earnings B. Cash and Rent Payable C. Cash and Rent Expense D. Cash & Prepaid Rent

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